Van Eck and SolidX to offer version of bitcoin ETF

Crypto enthusiasts have been trying with little success to get regulatory approval for bitcoin funds

By

Paul Vigna

Updated: September 3, 2019 2:40 pm GMT

Crypto enthusiasts have been trying without much success to get regulatory approval for funds to bring bitcoin to investors. Two firms plan to use a workaround.

Van Eck and SolidX on Thursday plan to start selling shares in a limited version of a crypto exchange-traded fund. The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers.